Willis Towers Watson (WTW) Operating Margin (2009 - 2026)

Willis Towers Watson (WTW) posted Operating Margin of 18.96% for Q1 2026, down 42.66% on a QoQ basis from 33.06% in Q4 2025, and down 47.0% year-over-year from 35.77% in Q1 2025.

Willis Towers Watson (WTW) Operating Margin (2009 - 2026) Analysis & Trends

Willis Towers Watson's Operating Margin history runs 18 years deep, the most recent figure standing at 18.96% for Q1 2026.

  • Quarterly Operating Margin fell 47.0% year-over-year to 18.96% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.64% (up 1482.0% YoY) and the FY2025 annual result came in at 23.01%, up 1670.0% from the prior year.
  • Operating Margin was 18.96% for Q1 2026 at Willis Towers Watson, down from 33.06% in the prior quarter.
  • Across five years, Operating Margin topped out at 33.06% in Q4 2025 and bottomed at 33.46% in Q3 2024.
  • A 5-year average of 13.3% and a median of 12.7% in 2023 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2022 — Operating Margin slumped 4944 bps — and 2025, when it surged 5213 bps.
  • Willis Towers Watson's Operating Margin stood at 25.08% in 2022, then rose by 14 bps to 28.48% in 2023, then fell by 0 bps to 28.35% in 2024, then grew by 17 bps to 33.06% in 2025, then tumbled by 43 bps to 18.96% in 2026.
  • Business Quant data shows WTW's Operating Margin at 18.96% in Q1 2026, 33.06% in Q4 2025, and 18.66% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Marsh & Mclennan Companies 84.27 Bn 72.32 Bn 6.04 Bn 25.65%
2 Aon 75.99 Bn 74.60 Bn - 34.07%
3 Arthur J. Gallagher 62.23 Bn 60.85 Bn - -
4 Willis Towers Watson 27.24 Bn 25.46 Bn 1.98 Bn 18.96%
5 Brown & Brown 23.60 Bn 22.62 Bn 1.61 Bn 12.84%
6 Neptune Insurance Holdings 4.12 Bn 4.11 Bn 26.44 Mn 35.56%
7 Accelerant Holdings 3.06 Bn 1.55 Bn 48.00 Mn 9.32%
8 Corvel 3.03 Bn 2.68 Bn 54.92 Mn 13.68%
9 Baldwin Insurance 2.43 Bn 2.87 Bn - -3,001.36%
10 Goosehead Insurance 1.31 Bn 1.20 Bn - 23.45%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.96%
Dec 31, 2025 33.06%
Sep 30, 2025 18.66%
Jun 30, 2025 16.28%
Mar 31, 2025 19.43%
Dec 31, 2024 28.35%
Sep 30, 2024 -33.46%
Jun 30, 2024 9.36%
Mar 31, 2024 11.96%
Dec 31, 2023 28.48%
Sep 30, 2023 7.49%
Jun 30, 2023 6.70%
Mar 31, 2023 12.70%
Dec 31, 2022 25.08%
Sep 30, 2022 7.89%
Jun 30, 2022 6.94%
Mar 31, 2022 8.29%
Dec 31, 2021 25.50%
Sep 30, 2021 57.32%
Jun 30, 2021 8.13%